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National Income As An Indicator Of Standard Of Living
Beginning of paper
Development Economics: Evaluate the validity of using National Income
statistics as an indicator of standard of living and as a comparison of
economic development between different countries.
National Income is an indicator of standard of living measured by output,
expenditure or income in one year.
The reason that these three factors are the c ....
Middle of paper
.... if drugs were being
sold on the black market this may lead to a rise in crime and so peopleÕs
standard of living would fall, however the person selling the drugs would
increase their income and so that may increase their standard of living.
National Income will rise if employment and output rise, but a rise in
these factors does not necessarily .... |
| Word count: 955 |
Page count: 4 |
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